ABFRL recognized as Asia’s `Most Sustainable Company’ in Textile, Apparel & Luxury Goods
02 January 2021: Aditya Birla Fashion and Retail Ltd (ABFRL), has been recognized as Asia’s `Most Sustainable Company’ for its Environmental, Social and Governance (ESG) performance in the 2020 edition of S&P Global Corporate Sustainability Assessment. ABFRL has also been globally ranked 8th in the Textiles, Apparel & Luxury goods Industry.
Every year the S&P Global Corporate Sustainability Assessment methodology is used to assess global companies and ranks the companies based on their ESG performance. ABFRL score was reflection of its virtue of vision, continuous efforts, commitment and efficient sustainability work in the areas of the corporate governance & economic, environmental, and social dimensions.
On hearing the recognition, Ashish Dikshit, Managing Director of ABFRL delightedly said, “ These rankings reflect our commitment towards enhancing economic, governance, social, and environmental initiatives at ABFRL. ABFRL has been a pioneer in driving sustainability to the forefront of the Fashion and Retail Industry. As a responsible Organisation, we aim to provide thought leadership and accelerate the sustainability drive in the industry.”
ABFRL is part of a leading Indian conglomerate, The Aditya Birla Group. With revenue of Rs. 8,788 cr. spanning retail space of 8.1 million sq. ft. (as on March 31, 2020), it is India’s first billion-dollar pure-play fashion powerhouse with an elegant bouquet of leading fashion brands and retail formats. The Company has a network of 3,031 stores across approximately 25,000 multi-brand outlets with 6,500+ point of sales in department stores across India.